Invoice discounting is a working capital solution where you borrow money from the Bank against future payments due to specific invoices. It is designed to unlock liquidity tied in your business’ accounts receivables
What does it offer me?
- The product is a general short-term banking facility (advance).
- Funding of up to 80% of invoice amount.
- The facility will help to increase your business’ cash flow as you do not have to wait for up to 90 days to access funds due to you by your customers.
- With improved cash flow, you will be able to take on more orders, which will contribute to your turn-over.
What do I need to qualify?
Business Banking Customers that are suppliers to business entities. The product covers businesses in the following categories:
- Wholesale and retail
- Business services
- Government and non-government organizations
How do I apply?
Visit your nearest Stanbic Bank Branch or call our Customer Contact Centre on +267 361 8555.